By Rose Ragsdale
For Mining News 

Territory stumbles in race for riches

Northwest Territories presents mining industry with mixed bag North of 60 Mining News – August 1, 2018


Last updated 9/25/2020 at 5:57am

NWT mining mineral exploration outlook, challenges opportunities

Dominion Diamond Corp.

Northwest Territory is renowned for the quality diamonds recovered from three world-class mines there, including this 187.7-carat gem known as Foxfire, the largest diamond recovered from the Diavik Mine.

Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down.

"Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry,...

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